Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
BOFA | B | 21.950 | 0.18 | 30,428 | 2.91 | |
JPM | B | 29.570 | 0.00 | 34,067 | 1.88 | |
SJ | B | 91.780 | -0.95 | 261,491 | 1.86 | |
FIH.U | C | 14.640 | 0.34 | 41,875 | 1.69 | |
GIB.A | A | 159.160 | 0.30 | 478,637 | 1.43 | |
EQ | D | 1.100 | 0.92 | 13,600 | 1.21 | |
CEU | C | 7.730 | -3.25 | 802,538 | 1.17 | |
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